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    OFF-MARKET
    Auto shops

    3 Rollins Rd, Round Lake Beach, IL 60073-1303

    4,844 SF 0.12 ac lot Built 1983
    Individually Owned 12-yr Hold Free & Clear
    Property ID
    US28-5358739
    Property summary
    AI-generated overview

    This exceptional 5,483-square-foot freestanding retail building, located at 3 W Rollins Rd in Round Lake Beach, IL 60073, presents a unique investment opportunity. Built in 1983, this single-story Class B property sits on a 0.47-acre lot and boasts 13 dedicated parking spaces, a drive-in door, and prominent pylon and building signage areas. The C-3 zoning allows for a variety of uses, including but not limited to automotive repair, detailing, car washes, auto glass repair, car audio installation, a small used car lot, restaurant, fitness facility, small market, or daycare. The property includes five car lifts, a tire machine, and a tire balancer, which may be included for the tenant, or removed as needed. A functioning waste oil heater provides cost-effective heating. With over 32,000 vehicles passing daily, this high-visibility location offers significant potential for any business. The property's APN is 06-17-407-006. The owner is open to various uses permitted by the Village of Round Lake Beach. This is an excellent opportunity to acquire a well-maintained property in a high-traffic area with significant upside potential.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1983
    Construction BRICK
    Total area 4,844 SF
    Lot 0.12 ac (5,401 SF)
    APN 06-17-407-006
    UPID US28-5358739
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Riffat Mahmood · 12 yrs held
    Riffat Mahmood
    since 2013
    7 recorded transactions
    2013
    2010
    $230,000
    2010
    2004
    $650,000
    1999
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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